The Business Of Mining: Profits, Losses, Hobbies and Businesses
November 2008 by Mark E. BattersbyEveryone can deduct all of the ordinary and necessary expenses of conducting a trade or business. But how can anyone hope to refute the IRS’s labeling of their activity as a hobby or, probably more importantly, hope to achieve the label of a tax business?
• This is a friendly reminder
• Homebuilders’ case may help miners
• “Ecological resources must be protected…”
Colorado is one of the more productive states when it comes to gold, ranking third, behind Nevada and California. The majority of the gold deposits are confined to a northeast-trending belt known as the Colorado Mineral Belt...
The mine site consists of river gravels from an ancient channel covering over 20 acres, and the place is covered with very large river rock and small tree overgrowth.
“Scandals, scandals, everywhere, and not an end in sight!” might be the tag line of a musical depicting the financial markets as they near the end of a particularly tumultuous year. First we had the massive accounting scandals associated with the Enron collapse. This was followed by the corporate scandals where inaccurate and misleading research of one sort or another made headlines. But none of those compare in possible scope to the mutual fund scandals...
The Bawl Mill • Where To Find Diamonds • Miners Find Encouraging Prospects Near Livengood • Glen's Big Find • Suction Dredge Study • Lluvia de Oro— A Shower of Gold Awaiting Development in the Sierra Madre—Part I • Beyond The End of The Road • Barnes Store and Yankee Jims • Mining Tax Increase Suggested • Opening Ceremony for Buckhorn Mine • Mining Journal Contest—How Much Is That Old Mining Journal Worth? • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices